Sono Motors confirms exit from self-administration by 29 February


By Bradley Osborne - 22nd February 2024

GermanySono Motors GmbH, a solar technology company based in Munich, Bavaria, has announced that it will exit self-administration at the end of the month and will resume its solar retrofit business for (partially) electrifying commercial vehicles. 

The company announced a rescue deal with American hedge fund YA II PN Ltd, managed by Yorkville Advisors, in late 2023, several months after it became insolvent. On 6 February, the first tranche of money from Yorkville was supplied, allowing Sono Motors to execute its insolvency and restructuring plan agreed with the Munich Local Court. 

Become a subscriber to read article

Start free trial Already a subscriber? Click here to login.

Subscription Features

Unlimited Article Limits

Access to all articles published daily as well as Truck & Bus Builder archives.

Access Article Downloads

Tables, graphs and statistical information as well as government papers.

Premium Content

Including in depth market reports, feature articles and interviews with industry leaders.